WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
IMMIGRATION IN INDUSTRIAL AMERICA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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It was involved in commerce within, but not between, states.
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It never succeeded in monitoring railroad shipping rates.
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It improved wages for railroad workers.
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It was the first federal entity to monitor business practices.
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Detailed explanation-1: -Approved on February 4, 1887, the Interstate Commerce Act created an Interstate Commerce Commission to oversee the conduct of the railroad industry. With this act, the railroads became the first industry subject to Federal regulation.
Detailed explanation-2: -Which statement best describes the Interstate Commerce Commission (ICC)? It failed to effectively regulate the railroad industry.
Detailed explanation-3: -This Act established the Interstate Commerce Commission (ICC) to oversee the practices of railroads passing through more than one state. The law also banned monopolistic activity like rebates, etc. but had the right to challenge the commission’s rulings in the fed.
Detailed explanation-4: -Limited liability of stockholders, government regulations, and additional taxes are the major disadvantages of a corporation.